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Make every day extra rewarding with Entegra Visa

Learn more about your credit score

Your credit cards and credit score work together and are dependent on one another. Everything you do (or don’t do) with your card will eventually affect your score. Here are two tips to keep in mind to get the best score you can, just by using your credit card.

Your credit card balance vs. your credit score

At its simplest, your credit score shows potential lenders how likely you are to repay the money they are lending you. 35% of your credit score is based on your payment history, so first and foremost, paying your bill on time is the absolute most important thing you can do. Second to this is how much money you owe, which accounts for 30% of your score. This includes all forms of credit, including any balances you’re carrying on your card.

With that in mind, improving your score could be as easy as setting up Auto Pay for your credit card. You can choose to have the minimum payment, or the full amount of your bill automatically withdrawn from your bank account monthly, and never worry about missing your due date again!

Don’t have a credit card? That still affects your credit!

If you’re hoping to apply for a mortgage or a loan, or even renting an apartment or starting a cellphone contract, that organization will have to run a credit check. If your report shows that you don’t have any active credit or any previous experience with borrowing, it’ll be much harder to get approved.

Did you know that 10% of your credit score is based on the different forms of credit you have? Credit cards are one of the easiest ways to get approved to borrow funds, and they’re a good option to establish and build credit, which helps to boost your score.

Advantages of using your credit card

These days, most people have at least one credit card – but you also have debit and cash. There are pros and cons to each format, but here are a few reasons to consider reaching for your credit card first.

Spend more and earn more with Flex Rewards

You’re already spending the money, why not earn something in return? With Flex Rewards, get up to 2 points per dollar on everyday purchases that you can redeem for gift cards, event tickets, or future travel. You can even use your points to pay your bill!

Shop safer with Mobile Payment options

Contactless payment options are more important than ever. Add Entegra Visa to your Apple, Google, or Samsung device and safely make in-store, online, and in-app purchases without ever reaching for your card. When you add your card to your mobile device, your credit card number isn’t saved to your device, nor is it shared with the merchant. And with each transaction requiring your authentication, a purchase can’t be made without your approval.

Extra fraud protection to keep your transactions secure

Speaking of safety – credit cards offer a level of protection that cash or debit cannot. Every card includes purchase protection and extended warranty, fraud alerts, and zero liability for fraudulent transactions.

Sign up for real-time Fraud Text Alerts in MyCardInfo, and you’ll be immediately notified of suspicious purchases, with the peace of mind of knowing that you’ll never be liable for charges you haven’t authorized. And with the introduction of SmartControls, it’s easier than ever to monitor, control, and protect your credit card activity. Set alerts for purchase amounts, international transactions, declined transactions – you can even enable and disable your card remotely.

Bonus benefits for your business

Do you have a credit card for your business? Take advantage of Business Tools designed to make running your business a little bit easier. With Visa Savings Edge, get exclusive discounts at a variety of merchants with no codes or coupons required! Simply enroll your business in the program, then review the current offers. Discounts will be automatically applied as a credit on your next statement.

Monday | November 1, 10:50 AM
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